4 ms·

"We should be down big today, but not 1,000 points. This is an equity market structure issue, there's no major problem going on." http://news.bbc.co.uk/2/hi/bu

• chasingsparks 16y ago
  Yea, it's appearing more and more like a glitch, human, structural, or otherwise. However, the sellers were real -- and increasing. I think there is a danger that people will see it as only a glitch and not the beginnings of trouble. The glitch might mask the true sentiment.
  • apphacker 16y ago
    Why would you want a panic? The market is built on confidence, we want the market to have confidence...
    • koanarc 16y ago
      But not necessarily false confidence.
    • chasingsparks 16y ago
      To some degree, I agree with you. The stimulus was a bluff that was meant to inflate confidence and bring back spending. The market is a strong signal that, if in panic mode, may arrest gains to consumer confidence. I don't want a panic because it may lead to recession/depression round 2. However, I also believe that, if round 2 is inevitable. I'd rather fall from a lower height.